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Boston, US - November 16, 2005 -

COMPASS^CRE, the commercial risk management tool developed by Property & Portfolio Research, Inc. (PPR) and Algorithmics, Inc., a member of the Fitch Group, is now available through Trepp.com.

COMPASS^CRE allows lenders and Commercial Mortgage Backed Securities (CMBS) investors to assess and manage commercial mortgage risk and is the industry-leading commercial real estate credit model. Banks and insurance companies use COMPASS^CRE to manage $250 billion in commercial real estate mortgages. "Now CMBS players can benefit from these insights to buy smarter, sell smarter, and more effectively monitor their portfolios," said George Pappadopoulos, Director of Risk Management and Debt Research at PPR.

"Trepp has enjoyed a long relationship with PPR," said Dan Gottlieb, Chief Operating Officer of Trepp. "Integration of COMPASS^CRE with Trepp Analytics and Trepp Loan will further strengthen this relationship and allow users to consistently assess risk across their balance sheets and capital markets portfolios."

COMPASS^CRE is calibrated using an extensive, proprietary database of defaulted and non-defaulted loans, and measures probability of default, loss given default, and expected loss for a loan, portfolio, or securitized pool. It provides real estate lenders and risk managers a Basel-compliant, empirically validated commercial real estate risk management solution.

Susan Merrick, Managing Director of Fitch Ratings said, "Real estate market participants can better differentiate risk across property types, geographic markets, and loan structures with COMPASS^CRE."

About PPR
With offices in Boston and a presence in London, PPR is the leading provider of independent real estate research and portfolio strategy service to the institutional real estate community in the United States. The firm provides clients with expertise in real estate market analysis, real estate portfolio analysis, mortgage risk analysis, and the design of productive real estate investment strategies. These clients include commercial banks, insurance companies, Wall Street firms, rating agencies, pension funds, investment advisors, real estate investment trusts, and private investors. PPR is wholly owned by DMG Information, Inc., the business information division of Daily Mail and General Trust, plc (DMGT). Additional information is available at www.ppr.info.

About Trepp
Trepp, LLC is the leading provider of CMBS and commercial mortgage information, analytics, and technology to the securities and investment management industry. Trepp meets the needs of both the primary and secondary market with a host of innovative products and services designed specifically for CMBS and commercial mortgage participants. Over 300 firms, including the largest broker dealers, originators, commercial banks, and institutional investors license Trepp's suite of products for trading, risk management, surveillance, and portfolio reporting buyers.

About Algorithmics
Founded in 1989, Algorithmics is a recognized leader in enterprise risk management. Following its acquisition by the Fitch Group in January 2005, Algorithmics is the world's leading provider of enterprise risk management solutions and services that enable financial institutions to effectively understand and manage their financial risk. Algorithmics has over 200 clients, including more than 60 of the 100 largest financial institutions in the world. Algorithmics was recently recognized as the dominant enterprise risk solution provider in market, credit and operational risk in Risk Magazine's 2004 Technology Rankings.

About Fitch Group
Fitch Group is the parent company of Fitch Ratings, a leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 50 locations and covering entities in more than 80 countries. Fitch Group is a wholly owned subsidiary of Fimalac, S.A., an international business support services group listed and headquartered in Paris, France.

© 2005 ALGO, ALGORITHMICS, AI & design, MARK-TO-FUTURE, ALGO CAPITAL, ALGO COLLATERAL, ALGO CREDIT, ALGO MARKET, ALGO OPVANTAGE, ALGO RISK, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.

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